12 CFR 1291.61 - Recovery of subsidy for member noncompliance.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart F [§ 1291.60 - § 1291.65]

§ 1291.61 - Recovery of subsidy for member noncompliance.

A Bank shall recover from a member the amount of any AHP subsidy (plus interest, if appropriate) not used in compliance with the commitments in the member's AHP application or the requirements of this part as a result of the actions or omissions of the member.

authority: 12 U.S.C. 1430(j)

source: 83 FR 61231, Nov. 28, 2018, unless otherwise noted.

cite as: 12 CFR 1291.61